Latest in Tag: Business Highlight
Latest in Tag: Business
Despite political turmoil Qandil promises 750 thousand jobs in 2012/2013
Says moving forward comes at a “cost”
Plan to wean industries off government’s natural gas
Gas would still be supplied to power plants, households and vehicles
Constitution crisis threatens investment, exports and business contracts
Many foreign businessmen and investors have postponed planned trips to Egypt
Saudi Fund for Development allocates EGP 1.4 billion to finance 3 projects in Egypt
The Saudi Fund for Development (SFD) signed three concessional loan agreements with the Egyptian Government. The agreements were signed on Monday 3rd 2012, in Cairo, by the Egyptian Minster of Planning and International Cooperation, Ashraf Al-Araby, and SFD Vice President and Managing Director, Yousef Al-Bassam. As per the first agreement, SFD grants Egypt  EGP 547 million, in a  concessional development …
ASEA to launch the Pan-African Index
The President of the African Securities Exchanges Association (ASEA), Sunil Benimadhu, talks to Daily News Egypt, discussing Africa’s potential as an investment destination and the role of securities exchanges in promoting and benefiting from such potential.
New initiative to cultivate 200 thousand feddans in Sinai
New company hopes to encourage local and foreign investment as a means of exploiting the Sinai’s wealth
Political unrest expected to weigh heavier on the market
Many analysts said the current political conflict might not impact Egypt’s improving economy
Factories in Upper Egypt at risk of closure
Investors Associations blame government
Steel prices expected to rise
Predicted to rise by EGP 100 per tonne in December
Citi Research: 2012 a lost year for Egypt
Dwindling foreign reserves was considered a constraint for the new government
Firm conditions attached to Turkey’s loan to Egypt
The Egyptian government is required to present expenditure reports to the Turkish side
Economic growth rate rises by 2.3 percentage points in Q1
The poor rate of total investments slowed down economic growth
Six companies win the EGPC’s latest exploration bid round
97 exploratory wells in this bid round
EGAS requests $500m to aid delivery of natural gas
A new bid round is to be issued to private sector companies to participate based on a new model
CBE exempts four banks from applying Basel 2 Standards
Banque Misr and the Principal Bank for Development and Agricultural Credit , amongst others, exempted
EGX plummets by 9.59 per cent
Shares plunge as political crisis deepens
IBM introduces a new line of corporate IT solutions
Designed for improving security, managing and analysing vast amounts of data among many others
Political instability and the IMF loan
If the political situation escalates, the International Monetary Fund (IMF) may review its stance regarding their loan to Egypt
CIB inaugurates electronic Corporate Payment System
The Commercial International Bank (CIB) has inaugurated the first centre to pay custom fees and sales taxes electronically in the “Goods village” at Cairo international airport with a system called corporate payment system (CPS). It is planned to serve businessmen and large sized companies, said the head of customs authority Mohamed El-Salhawy. Businessmen and large …
First tablet computer to be fully manufactured in Egypt
The new device is planned to be offered at a consumer-friendly price through Etisalat outlets
Omran: EGX pre-trading session to commence before year’s end
The alliance between Cairo and Istanbul stock exchange will be a role model for similar alliances
A new era for Egyptian-Turkish relations
Turkey has signed 27 agreements of mutual cooperation with Egypt
Shale energy production spike revolutionising energy sector
The industry’s biggest danger was no longer a drop in oil reserves, but rather technological limitations preventing exploitation of energy resources
Egypt receives Algerian gas
Algeria is the main liquefied butane supplier to Egypt, as stipulated in the agreement between the two countries
Food prices jump five per cent in 2012
Of the surveyed households, 43 per cent reported that they resort to sources of income other than one main job to meet their needs
EGX continues sideways movement reflecting market uncertainty
The stock exchange’s main indicator, the EGX30, reflected ongoing instability in the market with a shaky day of trading Wednesday. A slight dip started the day, followed by an up-swing that lasted until midday before it closed at 5,668 points, losing 0.38 per cent of its value. The market has been sensitive to contradictory news …
Subsidies on prime gasoline to end as IMF delegation leaves
Morsy government set to take steps toward economic reform although a formal economic plan to secure an IMF loan has not been released
€82 million of European investments to be approved
Promoting joint investments, technology transfer and human resources development are some of the talking points on the agendas of the EU Egypt Task Force Business and Tourism Summits
EGPC: Egypt sees slight bump in hydrocarbon production figures
During the 2011-2012 fiscal year, public sector petroleum companies have generated revenues totalling EGP 14.7 billion, a 9 per cent increase from fiscal year 2010-2011
Egyptian economy in draft constitution
The objective of the national economy is to achieve balanced sustainable development, protect the production and income increase, and guarantee social justice, and solidarity and welfare.